Polygon (MATIC): Reversal or more downside?

27 thg 9, 2021

MATIC is forming a descending triangle—most likely a bearish continuation.

Wait for the breakout to be confirmed either above the upper line (reversal—long) or below the support line (breakdown—short) before entering this trade.

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Cheers.

29 thg 9, 2021

Ghi chú

Instead of a descending triangle, MATIC is forming a bearish pennant.

30 thg 9, 2021

Ghi chú

Matic just broke out of the "descending" triangle. Price has broken the prior highs at $1.112. Wait for the pullback to see if price will be resisted or supported before taking a reversal trade. Reversal could take us back to $1.35, so absolutely worth keeping an eye on!

1 thg 10, 2021

Giao dịch đang hoạt động

2 thg 10, 2021

Đóng lệnh: đạt mục tiêu

Target of $1.35 has been reached.